one, an apology directly from murdoch. the second, a list of what news corp will do to make it right and an admission. "apologizing for our mistakes and fixing them are only first steps," the statement reads. "it may take some time for us to rebuild trust." >> that was stephanie gorvsk reporting. we want to get a check on business before the bell i know back's melissa frances, who is live at the new york stock exchange today. melissa, let's get a sense of how news corp has been asked by this already. the stock slump continues despite last week's share buyback. so what does this mean for american holdings, for u.s. holdings? >> yeah, we're watching the stock get hammered again this morning. it was hammered over the weekend on all of this breaking news. and rupert murdoch issued a $5 billion stock buyback last week. this is something he hates. he absolutely hates parting with money, but he had no choice. and shareholders really liked the buyback. he's got more than $11 billion in cash on hand at the company. they generate ab